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Showing posts with the label Financial And Forex Info News | The Australian Capital Markets

Swan's surplus pledge under the spotlight: Financial and Forex Info News | The Australian Capital Markets

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Swan's surplus pledge under the spotlight   Labor has pinned its hopes on savings and revenue measures in MYEFO helping it deliver a wafer-thin surplus in 2012-13. First up: Treasurer Wayne Swan continues to insist that Labor will reach its target, despite revealing a $14.5bn blowout in the 2011-12 budget deficit to $37.1bn yesterday. ( report ) The projected surplus has now been dialled back to $1.5bn, which Mr Swan conceded on radio this morning "certainly is modest", but he argued the government had charted a middle course in its MYEFO. Opposition Treasury spokesman Joe Hockey was more blunt, declaring "no one apart from Wayne Swan thinks we will have a surplus next year" in a follow-up interview. Everything you need to know about MYEFO is here . Julia Gillard is in Canberra for the first meeting of her manufacturing round table this morning. The PM will be joined by Treasurer Wayne Swan , Industry Minister Kim Carr , the Australian

Financial and Forex Info News | The Australian Capital Market: Gillard up, Labor down

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Gillard up, Labor down   The Prime Minister has received a boost from Newspoll, but her party's primary vote has gone backwards. Julia Gillard is in Canberra. She'll attend the Labor caucus meeting this morning. The PM will also meet with Greens leader Bob Brown today and separately will meet with the independent MPs Rob Oakeshott and Tony Windsor . Ms Gillard will also meet the Danish royal couple, Prince Frederik and Princess Mary at 11.30am, before hosting a lunch for them in the Great Hall. Tony Abbott is in Canberra. He'll attend and address the Liberal and Coalition party room meetings this morning. Mr Abbott will also meet the Danish royal couple on their visit to Canberra. Tonight the Opposition Leader is hosting drinks for the press gallery. And he's penned an opinion piece in The Australian, where he writes : "There's no doubt that the China boom has sustained Australia's economic success during the past decade. There sho

US dollar 'product of the past', says Hu | Financial And Forex Info News | The Australian Business Briefing

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Financial And Forex Info News   US dollar 'product of the past', says Hu Andrew Browne THE US dollar was a "product of the past", China's President said, as he emphasised moves to turn the yuan into a global currency. Backlash over transaction reporting fee THE government faces a backlash against plans to levy banks and businesses that report suspicious financial transactions. Rio veteran talks turnaround Matt Chambers RIO Tinto's chief financial officer Guy Elliott has been known for making sensible acquisitions at the bottom of commodity cycles. Coal price could hit $US500 a tonne Sarah-Jane Tasker THE price of coal could soar to $US500 a tonne following the Queensland floods, with more than half of Australia's coal exports affected. BHP to focus on organic growth Sarah-Jane Tasker GLOBAL mining giant BHP Billiton is set to advance $US62 billion ($62.6bn) worth of projects this y